DEVTOME.COM HOSTING COSTS HAVE BEGUN TO EXCEED 115$ MONTHLY. THE ADMINISTRATION IS NO LONGER ABLE TO HANDLE THE COST WITHOUT ASSISTANCE DUE TO THE RISING COST. THIS HAS BEEN OCCURRING FOR ALMOST A YEAR, BUT WE HAVE BEEN HANDLING IT FROM OUR OWN POCKETS. HOWEVER, WITH LITERALLY NO DONATIONS FOR THE PAST 2+ YEARS IT HAS DEPLETED THE BUDGET IN SHORT ORDER WITH THE INCREASE IN ACTIVITY ON THE SITE IN THE PAST 6 MONTHS. OUR CPU USAGE HAS BECOME TOO HIGH TO REMAIN ON A REASONABLE COSTING PLAN THAT WE COULD MAINTAIN. IF YOU WOULD LIKE TO SUPPORT THE DEVTOME PROJECT AND KEEP THE SITE UP/ALIVE PLEASE DONATE (EVEN IF ITS A SATOSHI) TO OUR DEVCOIN 1M4PCuMXvpWX6LHPkBEf3LJ2z1boZv4EQa OR OUR BTC WALLET 16eqEcqfw4zHUh2znvMcmRzGVwCn7CJLxR TO ALLOW US TO AFFORD THE HOSTING.

THE DEVCOIN AND DEVTOME PROJECTS ARE BOTH VERY IMPORTANT TO THE COMMUNITY. PLEASE CONTRIBUTE TO ITS FURTHER SUCCESS FOR ANOTHER 5 OR MORE YEARS!

Frequently Asked Questions

General

What is Devcoin?

Devcoin is an ethically inspired cryptocurrency created in 2011 to support open source projects by programmers, hardware developers, writers, musicians, painters, graphic artists and filmmakers worldwide.

What is Devcoin's purpose?

The purpose of Devcoin is to give money to open source developers for their work in as fair a manner as possible. Devcoin is the only currency that is expressly made to compensate people for their open source and creative commons work.

Technical

How are Devcoins created?

Devcoins are merge mined with Bitcoin, meaning Bitcoin miners can also mine for Devcoins at the same time without additional hardware or computing power.

Which algorithm does Devcoin use?

Devcoin uses the SHA-256 algorithm.

How many Devcoins are there per mined block?

There are 50,000 coins per block, of which 90% goes to funding open source projects. 5,000 are given to miners, those with computational power who keep the network secure. 45,000 are given to the people distributing Devcoins to writers and contributors, and the Devcoins then go to project recipients.

How many Devcoins are in existence, and how many will there be?

There is no hard cap to the total number of Devcoins. As long as Devcoin exists, the annual increase of DVC will be approximately 2.6 billion DVC. The amount of Devcoins issued each year is fixed and therefore the annual inflation rate will decrease over time. The inflation rate is negligible compared to the potential value increase associated with cryptocurrencies in the years ahead.

This ensures that support is sustainable. Longer-term projects and investment can be funded and the generation pays for ongoing development, which increases revenue. The currency base and economy evolves with the ideas of developers, investors and supporters.

Are there any transaction fees?

Devcoin has a minimal fee on all transactions, regardless of size. This was incorporated to keep the network flowing efficiently. A small fee eliminates blockchain spam and bloat by making it unprofitable, addressing a problem suffered by some other digital currencies.

Where can I view more analytical information about Devcoin, such as the current payout round, earnings and payouts?

Where can I buy Devcoins?

What can I buy with Devcoins?

Please see the Spend Devcoins page for a list of merchants and services that accept Devcoin.

How does purchasing Devcoin help open source developers and writers?

Many open source developers do not get a significant amount of money for their work; therefore they can only develop their projects in their spare time.

Devcoins provide an income for everyone who wants to work, even if they live in an area with more job seekers than jobs. With Devcoin, anyone who wants to earn some income is able to do so - anyone who does good work will get some Devcoins.

By buying and using Devcoins, you financially assist developers and give the world more open source software, books, music, art, and movies. Devcoin helps to enable universal open source funding and grow the potential for interaction, shared production and progress.

Are there other ways to earn Devcoins besides mining and purchasing them?

Yes, in fact, Devcoin's main purpose is to fund open source projects and writing. Participants in the Devcoin economy earn Devcoins in proportion to their work and development. Earnings are paid in rounds, which are in groups of 4,000 blocks. In each round developers and writers receive 180,000,000 Devcoins.

Devcoin considers funding open source projects of all types, so if you know of a project that needs funding, please apply using the contact details here or visit the Devcoin Forum.

Devtome

What is Devtome?

Devtome is a rapidly growing, open source wiki where the contributors earn Devcoins by writing. Devtome pays writers directly, so you can write about what you want, when you want, from anywhere in the world.

How can I contribute to Devtome?

You can participate in Devtome by writing, and use your earnings for tangible goods and services with basic internet literacy. Everyone has knowledge or wisdom they could share to better the world, and Devtome is the perfect platform for that.

Can I write in any language?

Devtome is English only but people can offer to translate where existing foreign language articles can be improved on, or where various sources are brought together as collated and the origins are made clear. Devcoin is about open-source, which means copyright matters. You can only translate your own work.

Future multi-language capacity will require a large number of administrators to proceed properly and fairly. It will take time to build that capability and required resources in other languages. With time and growth, anything is possible.

What about Artists and Musicians?

There is interest in other creative forms by all types of developers. For art, music and film in particular, free is not the same as open-source. Open-source requires artists to release the model, layers, or components. People have to be able to tweak it, change it, and adjust it without necessarily going back to the originator. That can't be done with a complied or locked product without having all the constituent bits that make it up.

Music and art, musicians and artists, face this challenge, and we hope they will be included in the future. In the meantime music lyrics and film scripts can be rewarded as writings on Devtome.

Help

How do I install a Wallet?

See the Devcoin Wallet page to download a Devcoin wallet for your operating system.

When you have it installed, enter a strong password or passphrase. A passphrase should be something that you can remember but hasn't come from a song or literary work. The wallet.dat file is your 'key' to your Devcoins in the blockchain. You will want to copy this file to at least two memory cards or USB sticks for backup.

Most initial wallet problems can be resolved by checking that devcoin.exe isn't being blocked by your firewall, or running the file as administrator, or ensuring it's not already open but minimised in the tray.

How can get involved and help Devcoin?

Devcoin is more than just a currency; it's the next step in open source funding, electronic money and payments. You can help to grow the project by hiring and trading in Devcoins and spreading the concept.
Ideas are the currency of tomorrow. Welcome to the future.